BCLP, Kosta Legal, and Legate Advise on Sberbank’s Sale of Akhangarancement Shares

BCLP, Kosta Legal, and Legate Advise on Sberbank’s Sale of Akhangarancement Shares

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Bryan Cave Leighton Paisner, working with Uzbekistan-based co-counsel Kosta Legal, has advised Sberbank on its sale of 84.2% of the shares in JSC Akhangarancement. Legate and, reportedly, EPAM advised the unidentified buyer.

The shares were pledged to the bank as a part of a global arrangement for the settlement of Eurocement Group’s debt toward Sberbank.

According to BCLP, “Akhangarancement is the second biggest cement producer in Uzbekistan.”

Eurocement is a Moscow-based supplier of cement, ready-mix concrete, and aggregates in Russia. The company operates 16 cement plants across Russia, Ukraine, and Uzbekistan, in addition to several concrete mix plants, concrete goods factories, and aggregate-mining quarries.

The BCLP team included Partners Yury Babichev and Anton Panchenkov, Senior Associate Anastasia Kudryashova, and Associate Polina Tulina.

Kosta Legal’s team was led by Partner Vazgen Grigoryan.